5 Mobile related tech stocks you should invest in
By Having passed 2013’s halfway mark, investors should look at how tech stocks have performed to determine how their prices will fair in the year’s remaining months. Some tech stocks are no-brainers; others require a little research to see why they’ll continue to outperform 2013’s market.
Teradata
If you feel tempted to invest in Facebook, take a step back and consider Teradata instead. Facebook has done reasonably well lately, but it still has a short history that won’t make cautious investors feel very safe.
When you buy Teradata stock, though, you’re essentially buying stock in a company that makes businesses like Facebook work. Teradata correlates huge amounts of information for other companies, including social media sites like Facebook. Teradata also compiles information for insurance companies.
This is an essential service that’ll only become more important as companies turn to data to target potential customers.
Teradata also has an new product called Aster that will make it easier and cheaper for companies to use their data solutions. This could cause a quick value increase that’ll make investors happy.
Image via Flickr by tedeytan
In 1998, no one could have predicted that a fledgling Internet search engine would turn into one of the world’s most innovative tech companies. Over the years, Google has pushed itself into everything from operating systems to language translators.
Short-term investors should consider how Google Glass will affect the company’s stock value. Even though a lot of people complain that Glass looks ridiculous, it has also gotten more media coverage than any company could hope for. Even the New Yorker printed a review of sorts that explores how Glass changed the life of one of the lucky buyers chosen last year.
Google promises to release Glass by the end of the year, which will mean huge Christmas sales.
Long-term investors should also consider how Google will perform further down the road. The company’s driverless cars could change the way people travel. When that happens, Google will become one of the most influential technology businesses in the world.
Qualcomm, Inc
Forbes contributor Ken Fisher lists Qualcomm, Inc as one of his favorites for 2013. Qualcomm, Inc had a serious dip at the beginning of July, but it has since rebounded, moving steadily upward to its March highlight.
A good sign for Qualcomm is that its increased earnings come from higher revenue. While some companies look good because of increased margins, Qualcomm is showing the kind of growth that matters.
It’s not surprising that Qualcomm’s value has rebounded. The telecommunications company makes products that’ll become increasingly important as mobile devices dominate the way people access the Internet. Qualcomm is making the chipsets that other companies will need to meet customer demands. This should push the company’s profits higher this year and beyond.
Intel
Intel looks like a good investment for 2013 because it hasn’t performed as well as some people had hoped. That may seem counterintuitive to making money, but it actually creates a great opportunity for anyone who wants to buy inexpensive stock that will eventually grow in value.
Expectations for Intel fell because consumers have become obsessed with tablets and smartphones. Intel is much better at making chips for desktop computers. When it tried to enter the tablet market with its Ultrabook, it just couldn’t attract enough attention from potential buyers who wanted iPads.
Don’t let this short-term disappointment turn you away from Intel, though. Businesses still need large computers to crunch data. You may not find as many Intel chips inside consumer products, but they’ll continue to dominate corporate devices.
There are also rumors that Intel’s new CEO wants to develop more mobile technology. This could mean higher sales in the consumer market. That would definitely increase the stock’s value, but it isn’t necessary. Intel will do fine even without mobile devices.
Apple
Apple took a hard hit when Steve Jobs passed away; no one can deny that. The company has been through a lot of upsets lately. Despite this, Apple stands out as one of the best businesses focused on consumer technology.
Even in a post-Jobs environment, Apple stands to make plenty of money. It has created a closed ecosystem that encourages people who own its mobile devices to spend more money on content and apps. Even if Apple stopped creating innovative hardware, it still sells more music and movies than practically anyone else.
Apple also has an innovative iTV scheduled to hit shelves soon. It’ll probably cost an arm and three legs, but people will still clamor for it.
Do you know of other tech companies posed to make big profits this year? Sharing your insights will only push stock prices up.
